Indra Nooyi is the former Chairman and Chief Executive Officer of PepsiCo (2006-2019); a Fortune 50 company with operations in more than 180 countries. (His childhood, education, career, personal life, achievements, what can one learn from his life), Biography of Radhakishan Damani (His childhood, education, career, personal life, achievements, what can one learn from his life), Biography of Ajaypal Banga (His childhood, education, career, personal life, achievements, what can one learn from his life), Biography of Indra Nooyi (His childhood, education, career, personal life, achievements, what can one learn from his life). Thereafter she became the CEO of it in 2006. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. This lovely couple has 2 daughters. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. Her clients ranged from textiles and consumer goods companies to retailers and specialty chemicals producers. Nooyi is 67 years old as of 2022. In 1994, she was invited by Wayne Calloway, Jack Welch, the head of General Electric, and PepsiCo CEO, for jobs in their respective organisations. My Life in Full: Work, Family, and Our Future. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. One offer came from General Electric, the other from PepsiCo. Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc. 's brands. Her father was a bank official. In 2020, company-operated U.S. facilities are using 100% renewable electricity. She studied physics, chemistry and mathematics from Madras Christian College from where she graduated in 1974. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. Ms Nooyi is married and has two daughters. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. In 2011, Nooyi earned $17 million as CEO of PepsiCo, which included a base salary of $1.9 million, a cash bonus of $2.5 million, pension value, and deferred remuneration of $3 million. She became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. The company was able to accelerate its share buyback strategy thanks to the financial benefits of this spinoff, giving it more leverage to pursue acquisitions in the future without as much shareholder opposition. In 1994, PepsiCos new senior vice president of corporate strategy and development started her tenure with a bang and kept pace throughout. [citation needed] Acquiring Tropicana allowed PepsiCo to gain a competitive edge; Tropicana at the time captured 44% of the chilled orange juice segment, the fastest growing segment of the juice market, an especially positive metric when compared to Coca-Cola's Minute Maid which captured less than half of Tropicana's market share. There is an issue between Cloudflare's cache and your origin web server. Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont. This strategic move gave PepsiCo leverage against Coca-Cola, which owns Powerade, the second-largest sports drink company, just like the Tropicana acquisition did. In fact, it dates all the way back to Nooyis academic career which is just as illustrious as her professional one. While in India, she worked as a product manager with a couple of reputable firms After completing her education at Yale, she joined the Boston Consulting Group in 1980 as a corporate strategist. [27] PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. Nooyi is a Successor Fellow of the Yale Corporation. [37] She reclassified PepsiCo's products into three categories: "fun for you" (such as potato chips and regular soda), "better for you" (diet or low-fat versions of snacks and sodas), and "good for you" (items such as oatmeal). Given the changing food preferences of the consumers, she felt that it was important for PepsiCo to expand into more healthful snack options. In 1994, she was offered two jobs that stood out from the rest. This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation. READ: Meet Arvind Krishna: The Rising Star of the Corporate World. Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. As one example, Nooyi wrote to the parents of her leadership team and visited their homes to create the personal connection. She loved to play cricket. ", "PepsiCo's CEO Indra Nooyi was right. The companys sales increased by 80% during her tenure. Indra is married to Raj Nooyi, Raj is a management consultant. Through this incident, she realised that she wasn't completely prepared for the business world and decided to pursue further education at yale school of management in the U.S. in 1978. In 2008, Forbes ranked her as the third-most powerful woman. Businesswoman and Grammy nominee Chandrika Krishnamurthy Tandon is her older sister. Nooyi always focused on learning whether it comes from a positive or negative experience, she would learn and move on, even on other days she always tried to keep herself updated through learning that a hallmark of a great leader. Between February 2000 and April 2001, Nooyi was senior vice president and chief financial officer of PepsiCo. She quickly rose through the ranks and was promoted to vice president and director of corporate strategy and planning in 1988. Before joining PepsiCo in 1994, Ms Nooyi spent four years as Senior Vice President of Strategy, Planning and Strategic Marketing for Asea Brown Boveri, a Zurich-based company. In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. Building a culture that encourages employees to stay with the company was the third part of Performance with a Purpose. Holy Angels Anglo Indian Higher Secondary School, Indian Americans in the New York City metropolitan area, "2007 Outstanding American by Choice Recipients", United States Citizenship and Immigration Services, "Indra Nooyi and Chandrika Tandon - pg.7", "PepsiCo CEO Indra Nooyi Is Stepping Down After 12 Years", "PepsiCo, Inc. (NYSE:PEP): Second Quarter 2010 Earnings Preview", "Forbes Magazine's List of The World's 100 Most Powerful Women", "The 19 Most Powerful Women In Business 2017: CEOs And More With Ambitious Goals", "PepsiCo's former CEO Indra Nooyi joins Amazon's Board of Directors", "ICC appoints Indra Nooyi as Independent Director", "Indra Nooyi: The Indian executive who broke glass ceiling in corporate America", "Indra Nooyi, Chairman and Periya thala of PepsiCo, Named CEO of the Year by GSCLG", "Departing PepsiCo CEO Indra Nooyi Did It Her Way", "How Indra Nooyi changed the face of PepsiCo", "PepsiCo: Is It One Of The Best Dividend Stocks? In 2006, Indra Nooyi became the CEO of PepsiCo. Nooyi also oversaw the acquisition of Tropicana Products and a merger with Quaker Oats Company both moves were part of a mission to branch out into more healthful drinks and foods. Indra Nooyi announced she will step down as CEO of PepsiCo after 12 years. In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO of PepsiCo. [32] In 2014, she was ranked #13 by Forbes. She has attained this prestige as a strategist. because we know knowledge is power and we want to be your medium of power. She also went to the Yale School of Management for her further education. Nooyi serves as an Honorary Co-chair for the World Justice Project. Her job with Johnson & Johnson was quite a challenging one as she was made responsible for managing the introduction of Stayfree sanitary napkins to India. [33][34] In Fortune's Most Powerful Women List of 2015, Nooyi ranked second. She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even the "fun" offerings. Nooyi also focused on sustainability and environmental issues as part of Performance with a Purpose. She was an excellent and bright student, through which she got admission to one of India's prestigious institute named the Indian Institute of Management in Calcutta, she completed her Post Graduation in Management (MBA), in 1976. She is also a member of the Board of Trustees of Eisenhower Fellowships, and has served as Chairperson of the U.S.-India Business Council. Indra Nooyi Net Worth . [6] In 2014, she was ranked at number 13 on the Forbes list of The World's 100 Most Powerful Women[7] and was ranked the second most powerful woman on the Fortune list in 2015 and 2017. [86], Since February 2019, Nooyi has been a member of the board of directors at Amazon. For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. Forbes rated her 13th in 2014. Indra Nooyi, Former Chairman & CEO at PepsiCo, and Anne-Marie Slaughter, CEO of New America, join Maggie McGrath to discuss "Solving For The Care Crisis. Fortune magazine named Indra Nooyi No.1 on its annual ranking of Most Powerful Women in business for five consecutive years from 2006 to 2010. Nooyi held the position of senior vice president and chief financial officer at PepsiCo from February 2000 to April 2001. In 2007, the Government of India awarded her the Padma Bhushan, the countrys 3rd highest civilian honor. PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company, half of which she spent in the top job. Indra Nooyi also serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst, and the Lincoln Center for the Performing Arts. Tuesday, Mar. Born in T. Nagar, Nooyi received her bachelor's degree from Madras Christian College in 1974. [28][29], Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008,[30][31] and was listed among Time's 100 Most Influential People in The World in 2007 and 2008. Additional troubleshooting resources. In 2001 she was named president and chief financial officer of the company. Ms Nooyi is the recipient of 15 honorary degrees. Initially, she faced the problem and struggled with her job at Johnson & Johnson as she was assigned the work of introducing Stayfree sanitary napkins in India. [citation needed] The Quaker Oats Company's ownership of Gatorade was a positive strategic move for PepsiCo, since Gatorade was responsible for 80% of sports drink sales at the time. Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc.s brands. [21] Prior to becoming CEO, Nooyi served as president and chief financial officer, beginning in 2001, she was also named to PepsiCo's board of directors. Speakers Include Indra Nooyi, Sara Blakely, Dr. Jane Goodall, Rosalind Brewer, Naomi Campbell, Allyson Felix and Cynthia Nixon And More NEW YORK November 18, 2021 Forbes today announced its 2021 Forbes Power Womens Summit, taking place virtually on Thursday, December 9th. Image Credits: Dave Puente Photography. How To Create Folders Quickly Based On Cell Values In Excel? On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir. Between 1986 and 1990, Mrs. Nooyi worked for Motorola, where she was Vice President and Director of Corporate Strategy and Planning, having joined the company as the business development executive responsible for its automotive and industrial electronics group. When it comes to leadership, the odds have always been stacked against women. A natural born leader. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. Instead, she encouraged her daughters to and promised them that if they did well, she wouldnt marry them off at 18. Her total remuneration had increased to $19,087,832 by 2014, including $5.5 million in equity. On this Wikipedia the language links are at the top of the page across from the article title. [26] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade second in the sports drink segment. Born into a middle-class family in Chennai, she came a very long way. Apart from her busy career, Indra has made sure that her family stays her priority and her closeness with her mother. While every effort has been made to follow citation style rules, there may be some discrepancies. She is also an advisor to several early-stage companies. Indra Nooyi Education Background In 1974, Nooyi graduated from the Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. Work Life Balance India . My Life in Full is a New York Times bestseller and available in multiple languages. Blogzbite has more than 50 experienced and budding content creators and bloggers under its umbrella and they work with a same mission to provide credible, correct and concise knowledge to the visitors. [43] She will help draft the state's new economic development strategy. Nooyi stated in an interview with a radio station that PepsiCo is getting ready to launch snacks based on the behavioral differences between mens and womens snacking habits. Under her leadership, PepsiCos revenues increased from $35 billion in 2006 to $63.5 billion in 2017. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir, My Life in Full: Work, Family and Our Future. Cloudflare monitors for these errors and automatically investigates the cause. Indra K. Nooyi, "Indra Krishnamurthy Nooyi Receives Honorary Doctorate From NYU", "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list", "Babson College Commencement 2004: Citations for Medalists", "PepsiCo president Indra Nooyi elected to Yale Corporation", "Amazon.com, Inc. - Officers and directors", "Temasek launches Americas Advisory Panel", "PepsiCo CEO Indra Nooyi Joins Trump's Business Council", "Ex-PepsiCo CEO Indra Nooyi joins Amazon's board", "Class of 1951 Distinguished Lecture Series and Chair for Leadership Study", "MIT School of Engineering | Dean's Advisory Council", "MIT Corporation elects 12 term members, three life members", "Indra Nooyi becomes Yale's biggest alumni donor", "A gift that keeps giving: Indra Nooyi is 'most generous graduate' of Yale school of management - India News , Firstpost", "Distribution of 200K books to Connecticut students could start next week", "PepsiCo's CEO shares the trick that has helped her stay married for 37 years", "Pepsi's Indra Nooyi Led Non-Soda Growth; Women CEO Exemplar", "Clinton, Nooyi, Sonia among "World's Powerful Moms" list", "7 CEOs with notably devout religious beliefs", "Indra Nooyi on making Pepsico "good for you and me", PepsiCo names Nooyi CEO as Reinemund retires, The Pepsi Challenge, profile Indra Nooyi (Fortune), Reference for Business: Indra Nooho Leadership Biography, Video of discussion with Indra Nooyi at the Asia Society, New York, 4/14/2009, Harvard Business Review: Becoming a Better Corporate Citizen, https://en.wikipedia.org/w/index.php?title=Indra_Nooyi&oldid=1142689078, American chief executives of food industry companies, Indian Institute of Management Calcutta alumni, Recipients of the Padma Bhushan in trade and industry, American chief executives of Fortune 500 companies, Articles with dead external links from January 2018, Articles with permanently dead external links, Articles with dead external links from August 2021, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 21:20.
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